SAFE Policy Lecture: Lex Hoogduin (State University of Groningen)
Title: A Critical Assessment of ECB Monetary Strategy and Policy
Speaker: Lex Hoogduin (State University of Groningen)
Moderator: Martin Götz (SAFE and Goethe University)
Lex Hoogduin will discuss the development of monetary policy strategy, instruments, and achievements of the ECB over the past eight years, where it stands and the way forward. He will argue that there has been an implicit shift in strategy; and will discuss the inability of the ECB to achieve its own defined target of price stability in spite of a period of very loose monetary policy in the years after the financial crisis. He will evaluate the current state of convergence criteria for the European Monetary Union. Finally, the speaker will propose significant changes to the ECB monetary strategy and policy.
Lex Hoogduin is Chairman of the clearinghouse LCH and Independent Non-Executive Director of the LCH Group. He is a Professor of Complexity and Uncertainty in Financial Markets and Financial Institutions at the State University of Groningen. He has served as Executive Director at De Nederlandsche Bank (DNB) from January 2009 until July 2011, responsible for economic policy and research, financial stability, financial markets, statistics and payment, clearing and settlement systems. Previously he was Chief Economist of Robeco, Managing Director of the IRIS research institute and division Director of Scientific Research at the DNB. He holds a Master's degree in Economics from the State University of Groningen and received his Ph.D. degree in Economics in 1991.
The SAFE Policy Lecture Series aims at fostering debates on policy-relevant issues. We would be pleased to welcome you to this lecture.